About Lanny Clark
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For most people, a home is usually considered their most valuable asset. With that in mind, it makes sense to shop around for a mortgage in order to get the most cost-effective rate possible. That’s why many borrowers turn to a mortgage brokerage for…
What are Proprietary or”Jumbo” Mortgages? How are They Used?
A proprietary reverse mortgage, often called a “Jumbo Reverse”, is a non-FHA reverse mortgage originated by a private lender, that often has more flexible guidelines and different features than an FHA insured reverse mortgage. Here are a few ways “Jumbo…